SAN DIEGO, June 21, 2018 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of Web.com Group, Inc. (NASDAQ: WEB)
("Web.com") breached their fiduciary duties in connection with the
proposed sale of the Company to Siris Capital Group, LLC ("Siris").
Web.com provides a range of Internet services to small businesses
in North America, South America, and the United Kingdom.
On June 21, 2018, Web.com
announced that it had signed a definitive merger agreement with
Siris. Under the terms of the agreement, Web.com shareholders will
receive $25.00 per share in cash.
The investigation concerns whether the Web.com board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Web.com
shares of common stock.
Nationally recognized Johnson
Fistel is investigating whether the proposed deal price
represents adequate consideration, especially given that one Wall
Street analyst has a $32.00 price
target on the stock.
If you are a shareholder of Web.com and believe the
proposed buyout price is too low or you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker
619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP
